Filing Flows › Solaris Energy Infrastructure (SEI) › Q3 2025
Solaris Energy Infrastructure (SEI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Solaris Energy Infrastructure (SEI) reported revenue of $167M for the third quarter 2025 (Q3 2025), +122% from a year earlier and +12% from the quarter before. Operating margin was 22.7%, net earnings $14.6M (8.7% of revenue).
Solaris Energy Infrastructure, Q3 2025: revenue $167M (+122% year over year), operating margin 22.7%, net earnings $14.6M, operating cash flow $63.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $167M | +12% | +122% |
| Operating profit | $37.9M | +7% | +620% |
| Net earnings | $14.6M | +22% | — |
| Operating cash flow | $63.3M | +162% | +502% |
| Free cash flow | $462K | — | — |
What changed
Revenue was $166.8M in Q3 2025, up 122% year over year and up 12% from the previous quarter. Solaris Power Solutions was the largest line at 63% of revenue. Solaris Power Solutions added $100.2M year over year (up 2132%), 109% of the total change. Solaris Logistics Solutions declined 12%.
Operating profit was $37.9M, a 22.7% margin (up 15.7 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 7% margin then. Total costs grew 85% against revenue growth of 122%. The fastest-growing cost line was Other operating costs (+708%). Net earnings were $14.6M. The effective tax rate was 14.1%.
Operating cash flow was $63.3M (up 502% year over year), 255% of net income including minority interests. Non-cash charges added back $22.4M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $10.8M. Capital expenditures of $62.8M left free cash flow of $462K.
Questions
What was Solaris Energy Infrastructure's revenue in the third quarter 2025?
Solaris Energy Infrastructure (SEI) reported revenue of $167M for the third quarter 2025 (Q3 2025), +122% from a year earlier and +12% from the quarter before.
Was Solaris Energy Infrastructure profitable in the third quarter 2025?
Operating profit was $37.9M (22.7% of revenue) and net earnings $14.6M.